$100m Economic Recovery Fund to help SA businesses

South Australian-based businesses looking to expand and secure more investment will be able to access a range of support packages soon as part of a $100 million Economic Recovery Fund announced by the South Australian Government.

After a challenging two years for SA-based businesses, the Economic Recovery Fund will support several rounds of grants over the next four years.

The fund hopes to assist businesses through the other side of the pandemic, allowing SA-based businesses to create more jobs, employ more South Australians and support development opportunities across the state.

Another $4 million will also be used to establish Invest SA, which will promote South Australia’s credentials nationally and internationally, attracting further investment into the state.

The full details of the Economic Recovery Fund and how to apply will be made available soon.